PENDING
$57K PRICE DROP
1911 Morehead Ave Durham, NC 27707
Lakewood Park NeighborhoodEstimated payment $4,279/month
Total Views
4,493
8
Beds
4
Baths
3,360
Sq Ft
$206
Price per Sq Ft
Highlights
- Transitional Architecture
- Wood Flooring
- Forced Air Heating and Cooling System
- Lakewood Montessori Middle School Rated A-
- Brick Veneer
About This Home
Prime Durham Location Near Duke | Fully Leased Quad | 5.5% Cap Rate
Located less than a mile from Duke University, this fully leased, turnkey quadplex offers walkable convenience in one of Durham's most in-demand rental corridors. Major renovations completed in 2022-2023 include new HVAC systems, plumbing upgrades, and interior/exterior enhancements. Lower units (1911 & 1913) feature updated kitchens with IKEA cabinetry, butcher block counters, new appliances, tiled baths, custom desks, and washer/dryer installs. Upper units (1915 & 1917) include walk-in showers, vinyl flooring, refinished hardwoods, and updated finishes. Strong in-place rents and a 5.5% cap rate make this an ideal low-maintenance investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,417
Year Built
- Built in 1961
Home Design
- Transitional Architecture
- Brick Veneer
- Architectural Shingle Roof
Interior Spaces
- 3,360 Sq Ft Home
- 2-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 8 Open Parking Spaces
- Off-Street Parking
Additional Features
- 9,148 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- 4 Units
- Gross Income $4,985
Listing and Financial Details
- Assessor Parcel Number 0821165060
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Pending | -- | -- | -- |
| 08/05/2025 08/05/25 | Price Changed | $692,500 | -7.5% | $206 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $749,000 | -- | $223 / Sq Ft |
Source: Doorify MLS
Similar Homes in Durham, NC
Source: Doorify MLS
MLS Number: 10102040
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